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20130318
20130326
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actually had interest payments that were over 3% of gdp under bush one and then they came way down. people said, oh, look at these scary numbers about rising interest payments, they, the scenario we're supposed to be afraid of is the things we go back to the way they were 20 years ago, which doesn't seem all that scary. >> let's look at that. we have a chart with precisely that. you see three lines. this is the net interest payments and this is a fairly modest, modest rate increases. and what you see here is nonentitlement spending. you see how they get, they come down. what i want to ask you, as a liberal, don't you worry that if entitlements continue to go up and nothing is done about it, what is going to happen is, forget about defense, but look at nondefense discretionary spending. this is education. this is, all the kinds of programs that you're passionate about that are naturally and necessarily almost going to get squeezed as entitlement spending becomes larger and larger. >> they're going to get squeezed, again, if we look beyond, if we look past and we look to the year 2025, 2030,
it will be as high as it was in 1991, 1992. we actually had interest payments over 3% of gdp under bush one and then came way down. so when people say look at the scary numbers about rising interest payments, the scenario we are supposed to be afraid of are the things going back to the way they were 20 years ago which doesn't seem all that scary. >> let's look at. that we have a chart with precisely that. this is the net interest payments and this is assuming fairly modest rate increases. what you see here is nonentitlement spending. you see how they come down. what i want to ask you, as a liberal, don't you worry that if entitlements continue to go up and nothing is done about it what is going to happen is forget about defense but look at nondefense discretionary spending. this is education, spending all of the programs that you are passionate about that will be squeezed as entitlement spending is larger and larger. >> they will be squeezed. if we look beyond, look at 2025, 2030, something has to give. we can't keep squeezing nondefense, ndd, nondefense discretionary. that is already pret
Search Results 0 to 1 of about 2